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Prairie Operating Co. Valuation Multiples
Discover revenue and EBITDA valuation multiples for Prairie Operating Co. and similar public comparables like BTCS, Fold Holdings, ALT5 Sigma, Bitcoin Depot and more.
Prairie Operating Co. Overview
About Prairie Operating Co.
Prairie Operating Co is a Houston-based independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Companyβs assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.
Founded
2001
HQ

Employees
19
Website
Financials (LTM)
EV
$466M
Prairie Operating Co. Financials
Prairie Operating Co. reported last 12-month revenue of $299M and EBITDA of $184M.
In the same LTM period, Prairie Operating Co. generated $184M in EBITDA and had net loss of ($11M).
Revenue (LTM)
Prairie Operating Co. P&L
In the most recent fiscal year, Prairie Operating Co. reported revenue of $242M and EBITDA of $156M.
Prairie Operating Co. expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $299M | XXX | $242M | XXX | XXX | XXX |
| Gross Profit | β | XXX | $121M | XXX | XXX | XXX |
| Gross Margin | β | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $184M | XXX | $156M | XXX | XXX | XXX |
| EBITDA Margin | 61% | XXX | 64% | XXX | XXX | XXX |
| EBIT Margin | 39% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | ($11M) | XXX | $32M | XXX | XXX | XXX |
| Net Margin | (4%) | XXX | 13% | XXX | XXX | XXX |
| Net Debt | β | β | $367M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Prairie Operating Co. Stock Performance
Prairie Operating Co. has current market cap of $95M, and enterprise value of $466M.
Market Cap Evolution
Prairie Operating Co.'s stock price is $1.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $466M | $95M | 0.0% | XXX | XXX | XXX | $0.42 |
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Start Free TrialPrairie Operating Co. Valuation Multiples
Prairie Operating Co. trades at 1.6x EV/Revenue multiple, and 2.5x EV/EBITDA.
EV / Revenue (LTM)
Prairie Operating Co. Financial Valuation Multiples
As of April 20, 2026, Prairie Operating Co. has market cap of $95M and EV of $466M.
Equity research analysts estimate Prairie Operating Co.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Prairie Operating Co. has a P/E ratio of (8.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $95M | XXX | $95M | XXX | XXX | XXX |
| EV (current) | $466M | XXX | $466M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 2.5x | XXX | 3.0x | XXX | XXX | XXX |
| EV/EBIT | 4.0x | XXX | 5.4x | XXX | XXX | XXX |
| EV/Gross Profit | β | XXX | 3.8x | XXX | XXX | XXX |
| P/E | (8.5x) | XXX | 3.0x | XXX | XXX | XXX |
| EV/FCF | (6.5x) | XXX | (10.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Prairie Operating Co. Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Prairie Operating Co. Margins & Growth Rates
Prairie Operating Co.'s revenue in the last 12 month grew by 53%.
Prairie Operating Co.'s revenue per employee in the last FY averaged $12.7M, while opex per employee averaged $2.7M for the same period.
Prairie Operating Co.'s rule of 40 is 137% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Prairie Operating Co.'s rule of X is 257% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Prairie Operating Co. Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 53% | XXX | 80% | XXX | XXX | XXX |
| EBITDA Margin | 61% | XXX | 64% | XXX | XXX | XXX |
| EBITDA Growth | 43% | XXX | 61% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 137% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 257% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $12.7M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $2.7M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | 21% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Prairie Operating Co. Public Comps
See public comps and valuation multiples for other Crypto & Web3 Platforms comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Prairie Operating Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| BTCS | XXX | XXX | XXX | XXX | XXX | XXX |
| Fold Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| ALT5 Sigma | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Depot | XXX | XXX | XXX | XXX | XXX | XXX |
| Metalpha Technology Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Prairie Operating Co. M&A Activity
Prairie Operating Co. acquired XXX companies to date.
Last acquisition by Prairie Operating Co. was on XXXXXXXX, XXXXX. Prairie Operating Co. acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Prairie Operating Co.
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialPrairie Operating Co. Investment Activity
Prairie Operating Co. invested in XXX companies to date.
Prairie Operating Co. made its latest investment on XXXXXXXX, XXXXX. Prairie Operating Co. invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Prairie Operating Co.
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Prairie Operating Co.
| When was Prairie Operating Co. founded? | Prairie Operating Co. was founded in 2001. |
| Where is Prairie Operating Co. headquartered? | Prairie Operating Co. is headquartered in United States. |
| How many employees does Prairie Operating Co. have? | As of today, Prairie Operating Co. has over 19 employees. |
| Who is the CEO of Prairie Operating Co.? | Prairie Operating Co.'s CEO is Edward Kovalik. |
| Is Prairie Operating Co. publicly listed? | Yes, Prairie Operating Co. is a public company listed on Nasdaq. |
| What is the stock symbol of Prairie Operating Co.? | Prairie Operating Co. trades under PROP ticker. |
| When did Prairie Operating Co. go public? | Prairie Operating Co. went public in 2008. |
| Who are competitors of Prairie Operating Co.? | Prairie Operating Co. main competitors are BTCS, Fold Holdings, ALT5 Sigma, Bitcoin Depot. |
| What is the current market cap of Prairie Operating Co.? | Prairie Operating Co.'s current market cap is $95M. |
| What is the current revenue of Prairie Operating Co.? | Prairie Operating Co.'s last 12 months revenue is $299M. |
| What is the current revenue growth of Prairie Operating Co.? | Prairie Operating Co. revenue growth (NTM/LTM) is 53%. |
| What is the current EV/Revenue multiple of Prairie Operating Co.? | Current revenue multiple of Prairie Operating Co. is 1.6x. |
| Is Prairie Operating Co. profitable? | Yes, Prairie Operating Co. is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Prairie Operating Co.? | Prairie Operating Co.'s last 12 months EBITDA is $184M. |
| What is Prairie Operating Co.'s EBITDA margin? | Prairie Operating Co.'s last 12 months EBITDA margin is 61%. |
| What is the current EV/EBITDA multiple of Prairie Operating Co.? | Current EBITDA multiple of Prairie Operating Co. is 2.5x. |
| What is the current FCF of Prairie Operating Co.? | Prairie Operating Co.'s last 12 months FCF is ($72M). |
| What is Prairie Operating Co.'s FCF margin? | Prairie Operating Co.'s last 12 months FCF margin is (24%). |
| What is the current EV/FCF multiple of Prairie Operating Co.? | Current FCF multiple of Prairie Operating Co. is (6.5x). |
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